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POSTED ON October 14, 2021  - POSTED IN Peter's Podcast

September CPI came in above expectations. At this point, even the central bankers at the Federal Reserve are having a hard time sticking to the “transitory inflation” narrative.

In his podcast, Peter Schiff talked about the CPI report. He said it reveals that we’re entering an inflation super-cycle and perhaps the markets are starting to figure this out.

Peter called this the “government report card on inflation,” noting that it’s not particularly reliable because the government is grading itself.

POSTED ON October 13, 2021  - POSTED IN Guest Commentaries

There was a recent scandal at the Federal Reserve when information came out revealing that several central bank officials made multiple multimillion-dollar stock trades in 2020 even as the Fed was putting its big fat thumb on the economic scales. But as Ron Paul points out, there’s an even bigger scandal over at the Federal Reserve and it’s a matter of policy. The Fed’s manipulation of monetary policy and the broader economy impoverishes ordinary Americans, even as it enriches the elites, and facilitates government debt and deficits.

POSTED ON October 13, 2021  - POSTED IN Original Analysis

Government policies – from shutdowns, to stimulus, to vaccine mandates – in response to the coronavirus pandemic have thrown the US economy completely out of whack. Looking at employment reveals just how messed up the economy has become.

The number of Americans quitting their jobs surged to a record high in August. According to the Labor Department Job Openings and Labor Turnover Survey (JOLTS) report, job quits increased by 242,000 in August, pushing the total to a record 4.3 million. The quits rate surged to an all-time high of 2.9% in August from 2.7% in July.

POSTED ON October 12, 2021  - POSTED IN Key Gold Headlines

Consumer borrowing has slowed somewhat from the record level we saw in June, but Americans continue to pile on the debt.

Consumer debt grew by $14.4 billion in August to $4.35 trillion, according to the latest data from the Federal Reserve. That represents a 4% increase.

This follows on the heels of a 4.8% increase in July after a record 10.6% increase in June.

POSTED ON October 10, 2021  - POSTED IN Interviews

The fake debt ceiling fight rages on.

Last week, the US Senate agreed to a small increase in the borrowing limit, but it only kicked the can down the road a couple of months. The $480 billion increase raises the debt limit to $28.9 trillion, but that’s only going to last until Dec. 3.

Peter Schiff recently appeared on RT Boom Bust to debate economist Steve Keen and Professor Richard Wolf on the debt ceiling and more broadly the US economy.

POSTED ON October 10, 2021  - POSTED IN Peter's Podcast

We got the highly anticipated employment report on Friday. It came in far below expectations. But despite weak economic data, bond yields are rising, along with the price of just about everything. Meanwhile, a gold rally fizzled. Peter Schiff talked about it during his podcast, explaining just how badly the markets are misinterpreting the data. When you add up plunging bonds yields, strong oil, and weak economic data – that equals stagflation.

POSTED ON October 8, 2021  - POSTED IN Exploring Finance

For the second month in a row, the jobs numbers in September came in well below expectations.

The Labor Department reported an increase of only 194,000 jobs, well below the estimated 500,000. The big miss was similar to August’s report.

Despite the unemployment rate ticking down to 4.8% from 5.2% and an upward August revision of 131,000 jobs, this is the weakest jobs report since January.

POSTED ON October 8, 2021  - POSTED IN Fun on Friday

Have you heard the latest news on the fake debt-ceiling fight?

The Senate has approved a measure to kick the can down the road a couple of months. So, the “fight” will continue!

The $480 billion increase raises the debt limit to $28.9 trillion, but that’s only going to last until Dec. 3. That means we have time for more political theater. Yippee!

POSTED ON October 8, 2021  - POSTED IN Friday Gold Wrap

Inflation continues to run hot. Even some of the folks over at the Fed are having a hard time peddling the “transitory” inflation narrative. But politicians and government officials lack the skill of self-reflection. As a result, they can’t clearly see the problem. In this episode of the Friday Gold Wrap, host Mike Maharrey looks at some of the latest inflation data and the Fed’s response to it. He also touches on the fake debt ceiling fight and breaks the September job report numbers.

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